123
123
Jan 8, 2013
01/13
by
KPIX
tv
eye 123
favorite 0
quote 0
home at the end of the month unless citibank modifies his adjustable rate mortgage which he can no longer afford. >> it started adjusting on me and just got overbearing where i couldn't take it. so it ate up all my savings and everything that i could muster up to pay that mortgage for over a year. >> reporter: now 3.8 million people will get some payment from these ten banks, evenl people whose foreclosures were properly processed because the banks have basically decided it's easier to write a check to e all of them then figure out who t was actually harmed. >> pelley: ben tracy in our los angeles bureau. ben, thanks very much. in syria there was a surprise nationwide address by the dictator bashar al-assad andddres what he had to say was a cause for worry. it was his first speech in six months and assad said he won't step down and he won't negotiate with the rebels. the civil war there has spilled over syria's borders from time to time so now u.s. soldiers have landed in turkey to man patriot missiles on the border. holly williams is ourrder. correspondent in turkey reporting from istanb
home at the end of the month unless citibank modifies his adjustable rate mortgage which he can no longer afford. >> it started adjusting on me and just got overbearing where i couldn't take it. so it ate up all my savings and everything that i could muster up to pay that mortgage for over a year. >> reporter: now 3.8 million people will get some payment from these ten banks, evenl people whose foreclosures were properly processed because the banks have basically decided it's easier...
262
262
Jan 7, 2013
01/13
by
FOXNEWSW
tv
eye 262
favorite 0
quote 0
wells fargo, citibank and chase and bank of america. they will pay the feds $8.5 billion. it covers a big range of abuses including bad paperwork and botched loan modifications that led to families losing their homes. some of that cash will go to the homeowners that the banks unfairly booted. the rest will go to help people currently in danger of losing out to foreclosure. it is worth pointing out here the $8.5 billion settlement is a drop in the bucket for the big banks. last year they had assets totaling more than $9.5 trillion. this is just billions. the fox businessetwork geri willis is with us. >> 365,000 people filed for this in the first rity ration. $5.2 billion as loan modifications and another $3.3 billion in direct payments to homeowners. >> and i don't know why the numbers don't correspond but they don't, i'm sorry. >> apologies. >> shepard: why did the regulators agree to this amount? >> they say people will get their money more directly and faster. the earlier settlement, 356,000 people filed for it. a small amount of people eligible. they are hoping to get m
wells fargo, citibank and chase and bank of america. they will pay the feds $8.5 billion. it covers a big range of abuses including bad paperwork and botched loan modifications that led to families losing their homes. some of that cash will go to the homeowners that the banks unfairly booted. the rest will go to help people currently in danger of losing out to foreclosure. it is worth pointing out here the $8.5 billion settlement is a drop in the bucket for the big banks. last year they had...
99
99
tv
eye 99
favorite 0
quote 0
although he did work a couple years at citibank, has basically not had a lot of wall street experience. hasn't had a lot of experience in international negotiations. so i suspect there will be looking for someone to comply meant him in the deputy's job who has strong in --. lori: follow up on this point. sorry to cut you off. we're always on a tight time clock here. you know, as far as his track record when he was omb director in the clinton administration he did get a bipartisan budget deal with a surplus. you touched on this. what is the likelihood that can happen again? >> right. look, everybody would love to go back to surplus pluses but the times are very different. we had a strong economy then. we had a bubble. we had all the years of shrinking deficits. he is not in that position now but it does mean knows the ins and outs of budgets. this is not a guy who has to learn on the job and that is probably a good thing given how messy our fiscal situation is. lori: thank you so much, david wessel. >> you're welcome. melissa: quarter too as we do every 15 minutes let's check the market
although he did work a couple years at citibank, has basically not had a lot of wall street experience. hasn't had a lot of experience in international negotiations. so i suspect there will be looking for someone to comply meant him in the deputy's job who has strong in --. lori: follow up on this point. sorry to cut you off. we're always on a tight time clock here. you know, as far as his track record when he was omb director in the clinton administration he did get a bipartisan budget deal...
95
95
Jan 10, 2013
01/13
by
FOXNEWS
tv
eye 95
favorite 0
quote 0
over town at the office of management and budget, at the state department, in the private sector at citibank and new york university. a white house official passed this along they said throughout his career jack lew has proven a successful and effective advocate for middle class families who can build bipartisan consensus to implement proved policies. jeff sessions from alabama says he does not think jack lew's nomination will be successful. he is steamed that lew appeared before congress two years ago and testified that president obama's budget would not add to the national debt. sessions says and this is a quote. at this time of unprecedented slow growth, high unemployment and huge deficits we need a secretary of treasury that the american people, the congress, and the world will know is up to the task of getting america on the path to prosperity, not the path to decline. jack lew is not that man. if lew's nomination is successful his signature will go on all new u.s. dollar bills. this is what it looks like right now. we don't know if congress or the president will ask him to clean it up,
over town at the office of management and budget, at the state department, in the private sector at citibank and new york university. a white house official passed this along they said throughout his career jack lew has proven a successful and effective advocate for middle class families who can build bipartisan consensus to implement proved policies. jeff sessions from alabama says he does not think jack lew's nomination will be successful. he is steamed that lew appeared before congress two...
286
286
Jan 9, 2013
01/13
by
MSNBCW
tv
eye 286
favorite 0
quote 0
bunch of regulators in washington can't really know exactly what's going on inside an institution like citibank is correct. >> i'm glad we're talking to steve rattner for all these complex questions. >> he flies around in a gold-plated plane. >> he understands money. but i would suggest, steve and joe, that maybe in order to get a good answer to these questions, you ought to ask yourself what would elizabeth warren say? >> what would elizabeth warren do? i ask myself, what would she do? >> bring yourself to the light. she's perfect. she's perfect. >> can you believe that even the most sophisticated investor stays away from banks because they don't get it. >> they don't get it. but i will say not only are the banks holding more money, they're not as involved in as risky investments and so on. the truth is, a lot of smart investors aren't even in stocks. because they don't necessarily want that market. they want real estate. so it doesn't surprise me that smart money's staying away from that. >> real estate. good old bullion and dog racing. those are my big three. >>> still ahead, we're going to
bunch of regulators in washington can't really know exactly what's going on inside an institution like citibank is correct. >> i'm glad we're talking to steve rattner for all these complex questions. >> he flies around in a gold-plated plane. >> he understands money. but i would suggest, steve and joe, that maybe in order to get a good answer to these questions, you ought to ask yourself what would elizabeth warren say? >> what would elizabeth warren do? i ask myself,...